Markets
Hard red spring wheat bids in Western Canada were mixed during the week ended Oct. 24, although the general bias was lower in most locations.
Markets
Prairie wheat bids mixed as U.S. futures, loonie weaken
Canadian Financial Close: Loonie stays mostly steady
Glacier FarmMedia | MarketsFarm – The Canadian dollar moved very little on Thursday. The loonie was at US$0.7223 or US$1=C$1.3845, compared to US$0.7224 or US$1=C$1.3843 on Wednesday. The Bank of Canada cut its key interest rate by 50 basis points at 3.75 per cent on Wednesday. The United States Dollar Index was down 0.40 of […] Read more
North American Grain and Oilseed Review: Production uncertainty encourages canola demand
U.S. soybeans mixed as corn, wheat bump up
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday in an attempt to restart its upward trend. Export demand, especially that from China is believed to be behind the increases as there are concerns there might not be enough canola available for export. The trade leans towards […] Read more
Prairie feed grains market watching U.S. corn
Rising corn prices in the United States could provide support for feed grains in Western Canada, although the current price spread remains conducive for imports of U.S. corn into Canadian feed channels.
ICE Canola Midday: Production concerns hovering over market
Output likely lower than StatCan estimate
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midday Thursday, although they stepped back from larger increases earlier. An analyst stated few in the trade believe Canadian canola production for 2024/25 will reach the 18.98 million tonnes estimated by Statistics Canada. He estimated the crop could be as […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Thursday morning, a day after the Bank of Canada cut its key overnight interest rate by 50 basis points. Canadians receiving regular Employment Insurance benefits increased by 1.5 per cent in August, with the number of EI beneficiaries up by 5.6 per […] Read more
Global Markets: Boeing machinists reject tentative deal
Strike started Sept. 13
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Striking machinists at Boeing voted 64 per cent against a tentative deal with the company on Wednesday. The 33,000 members of the International Association of Machinists and Aerospace Workers rejected the […] Read more
Manitoba harvest nearly done, only corn/sunflowers left
Harvest operations across Manitoba are nearly complete, with only sunflowers and corn still left to come off the fields, according to the latest provincial crop report for the week ended Oct. 22.
ICE canola jumps higher
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market moved up by double-digits in nearby contracts Thursday morning, strengthened by comparable oils. Malaysian palm oil saw large gains, while Chicago soyoil was up by more than one United States cent per pound. European rapeseed and crude oil also moved higher. The Canadian dollar was […] Read more
U.S. grains: Soybean futures jump as some polls show Harris with US election lead
Chicago soybean futures edged higher on Wednesday as U.S. Vice President Kamala Harris' lead over Republican challenger Donald Trump in some election polls calmed concerns that a trade war with China could heat up, according to analysts.
Cyber-Savvy Farmer
